Alcoa sees Alcan takeover quickly adding profit

MONTREAL (Reuters) - Alcoa Inc. (AA.N) said on Monday. it expects its proposed $27 billion takeover of Alcan Inc. AL.TO to add to cashflow and per-share earnings within its first year of completion.

In a presentation to analysts, Alcoa said it expects $1 billion of pretax synergies, phased in over three years, from bringing the two companies together. One-time implementation costs would amount to some $1 billion, it said.

($1=$1.10 Canadian)